Jindal Saw Share Price Falls 4% as Company Reports Q1 FY27 Results; PAT Declines to Rs 90.79 Crore

On Tuesday, Indian equity benchmarks ended lower, with the benchmark Nifty 50 index declining 0.66 per cent or 158.95 points to close at 24,052.05. Jindal Saw share price also ended 3.63 per cent lower or Rs 9.75 at Rs 258.85 after the company reported its consolidated financial results for the quarter ended June 30, 2026. The company had submitted its unaudited standalone and consolidated financial results to the stock exchanges on July 14, 2026.

Jindal Saw Revenue Rises 9 Per Cent YoY

Jindal Saw reported consolidated revenue from operations of Rs 4,452.31 crore in Q1 FY27, registering a growth of 9 per cent YoY from Rs 4,084.68 crore in the corresponding quarter last year.

Total income increased 9.09 per cent YoY to Rs 4,475.98 crore from Rs 4,102.95 crore in Q1 FY26. However, total expenses increased 15.75 per cent YoY to Rs 4,327.74 crore from Rs 3,739.04 crore in the year-ago quarter.

Profit After Tax Declines 78 Per Cent YoY

Profit before tax declined 61.83 per cent YoY to Rs 142.87 crore in Q1 FY27 from Rs 374.30 crore in the corresponding quarter last year.

Consolidated net profit after tax declined 78.15 per cent YoY to Rs 90.79 crore compared with Rs 415.47 crore in Q1 FY26. Profit attributable to owners of the holding company stood at Rs 104.17 crore compared with Rs 424.04 crore in the year-ago quarter.

Basic and diluted earnings per equity share stood at Rs 1.63 during the quarter, compared with basic EPS of Rs 6.66 and diluted EPS of Rs 6.63 in Q1 FY26.

Total Expenses Rise Nearly 16 Per Cent YoY

The company's cost of materials consumed declined to Rs 2,711.26 crore from Rs 3,067.37 crore in the corresponding quarter last year. Employee benefits expense increased to Rs 427.61 crore from Rs 407.53 crore.

Finance costs declined sharply to Rs 108.43 crore from Rs 171.14 crore, while depreciation and amortisation expense increased to Rs 163.70 crore from Rs 153.33 crore. Other expenses rose to Rs 942.28 crore from Rs 865.78 crore in Q1 FY26.

Changes in inventories of finished goods, stock-in-trade, work-in-progress and scrap stood at negative Rs 23.16 crore during Q1 FY27 compared with negative Rs 928 crore in the corresponding quarter last year.
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Operating And Net Profit Margins Decline

Jindal Saw's consolidated operating margin declined to 5.34 per cent in Q1 FY27 from 13.05 per cent in Q1 FY26. Net profit margin fell to 2.03 per cent from 10.13 per cent during the same period.

Meanwhile, the debt-to-equity ratio improved to 0.29 times from 0.42 times, while the current ratio increased to 1.58 times from 1.52 times. Total debt to total assets declined to 0.17 times from 0.23 times.

Joint Ventures Report Rs 5.37 Crore Loss

The Group reported a share of loss from joint ventures of Rs 5.37 crore during Q1 FY27 compared with a profit of Rs 10.39 crore in the corresponding quarter last year.

The consolidated results include two joint ventures, Jindal Hunting Energy Services Limited and Jindal Saw and Buhur Altavision Company, KSA. Total comprehensive income for the quarter stood at Rs 87.06 crore compared with Rs 417.50 crore in Q1 FY26.

About Jindal Saw

Jindal Saw Ltd operates in the iron and steel products business. The Group has one reportable business segment, identified as "Iron & Steel products." The company's consolidated operations include direct and indirect subsidiaries across India, the United States, the UAE, Cyprus and other international markets.

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Disclaimer: The article is for informational purposes only and not investment advice.